asic

Look at how ASIC is pursuing Han Long for SDL insider trading. I think the Han Long Chinamen got too brazen thinking ASIC is just limp, droopy and flaccid.

They may have been emboldened that Wah Nam's warehousing their way into 55% ownership with ASIC powerless to act (when in fact ASIC has been secretely ambusing Han Long for a long time).

It is therefore entirely possibly that WN fearing ASIC would spring them a nasty surprise that they may just have refrained from using overseas associates to warehouse shares since June.

If that's the case, the WN has no hope of getting beyond 60% let alone 80%.